For example, three questions asked whether the credit union used daily computer generated reports to identify potential check-kiting suspects, whether the credit union provided training for tellers and other employees in regard to check kiting
, and whether the credit union reviewed returned checks to identify check-kiting suspects.
But the current anti-Washington fervor ignited in the late '80s and was fueled by a succession of scandals featuring a sleazy mix of public power and private gain: the Keating Five, the Jim Wright book deal, the HUD mess, honoraria, the flap over congressional pay raises, and check kiting
at the House bank.
It is designed to prevent and reduce the incidence of check fraud, check kiting
, deposit fraud, ATM fraud, ACH fraud, wire-fraud, debit and credit card fraud, among other fraud activities.
And so it goes for two decades: schemes dope peddling Houston Denver Florida Virginia drugs and drink con games check kiting
and sad women left to fend for themselves.
Michael wondered what he had gotten into: "Drug abuse, check kiting
, knocking up people--what is it about this place?
Some of the money loaned by Hammer was used to pay loans and reduce the amount Geertsen owed to lenders because of the check kiting
scheme, prosecutors said.
During the trial, he was on parole for an unrelated check kiting
In addition to standard schemes--such as check kiting
, credit card fraud, and bankruptcy fraud--ROC has innovated new methods of bank fraud.
Manifest intent is evidenced by reckless disregard for substantial risk, and check kiting
is not loss from loans requiring $2,500 benefit.
Also, the glossary lacks definitions for some of the financial terms used in the text, such as float, check kiting
, and bust-out schemes.
is cashing a check on an account whose only deposit is a check that has not cleared yet and then covering the draft on the other account with another rubber check from the first bank, which is covered by a rubber check from the second bank, etc.
The public will become jaded, and revelations of expense-account padding, check kiting
and insider trading will lose their power to shock.